Xiaomi
India has revealed that it will be rolling out a beta version of its new Mi Pay
app in the Indian markets. As per reports from National Payments Corporations
of India (NPCI) has cleared Mi Pay for group usage.

"Mi
Pay's biggest advantage is its deep integration within MIUI which
makes transferring payments to contacts and vendors extremely easy,"
Xiaomi writes in its report.

Xiaomi
has also revealed that it has partnered with ICICI Bank and PayU and the
likes of Google Pay. As per reports Mi Pay will
support both UPI and other credit and debit cards.

Similar
to the likes of Google Pay and PayTm, besides money transfer, Mi Pay will also let you pay
bills, make DTH recharge, pay water and electricity bills and so on. Mi
Pay also allows the scanning of QR codes, including Bharat QR codes,
like PayTm. Thanks to India's own UPI platform. There has been a digital
payments revolution in India.

And
that, of course, makes India a very attractive market for companies that offer
these services.